Japan, the world's largest importer of liquefied natural gas, will begin a study next month on how to link domestic and foreign buyers in purchasing groups to reduce energy costs.
The country will work on details to enable joint procurement of LNG by linking up buyers to increase their bargaining power against suppliers, Ryo Minami, a director for the oil and natural gas division at the Ministry of Economy, Trade and Industry, said in an interview at a conference Tuesday in Tokyo.LNG in Japan costs four times as much as in the U.S., Toshimitsu Motegi, trade and industry minister, said at the conference. Bringing down LNG prices is a pressing issue for Japan, he said.
Source: NewsOnJapan
Source: NewsOnJapan
